3 Rules for Profitable Trading by Scalper Advisers

Forex scalping, despite the fact that it is one of the most difficult technically and psychologically types of trading, has long been deservedly popular. Naturally, scalping and the creators of advisers did not ignore.

At the moment, the trader has an indescribable array of paid and free robotic scalpers, built on different principles and trading strategies. Some advisors trade only at certain hours, some – trade constantly. Some advisors work better, some worse. But, as a rule, the scalping advisor shows the profit for a certain period of time, after which there is a period of calm and a series of transactions with a loss.

Often, the implementation of one or another scalping strategy in the adviser reaches the point of absurdity, which leads to the closing of the trading account on which the adviser is installed by the broker.

What are the rules that must be followed in the trade of scalp advisers on Forex?

RULE NUMBER 1. SCALPING – ONLY AT THE RIGHT TIME

In the first place, you need to understand that increased volatility is the first enemy of the scalp adviser, he likes when the market is quiet. Therefore, if the price draws long candles, which, as a rule, is observed during coincidence of sessions, it is necessary to forbid the adviser to trade, wait for the phase of calm and only then start again scalping.

In no small measure, this refers to the events of the exchange calendar. Even novice traders know that before the publication of important economic news volatility can increase many times, so trading during this period, the adviser-scalper can easily bring a loss to your deposit.

For robots that trade only at certain hours (as a rule, these are night scalpers), the GMT Offset parameter is relevant, reflecting the difference between your broker’s time and the GMT time. Periodically, this parameter should be checked, especially during the transition to winter or summer time.

On Fridays, when the trading week comes to an end, and in the last 2-3 days of the month, large market participants often close positions. This time is also not suitable for a scalper robot, which is easy to see when testing any scalping adviser.

RULE NUMBER 2. WHEN “LESS” MEANS “BETTER”

The second, but not least, moment is the choice of a forex broker, or rather, the choice of a suitable spread for the currency pair on which the scalp adviser trades, the amount of the commission (if any) and the speed of execution of orders.

Before installing a scalper, check all of these conditions. Naturally, the smaller they are, the more comfortable the forex advisor will feel. Ideally, you can spend a little time to choose a broker and type of account, which will be the minimum spread and the time of execution of orders.

RULE NUMBER 3. DO NOT BE LAZY TO TEST COUNSELOR

In addition to the terms of trade, of course, you need to pay attention to the adviser himself. Using the results of testing, it is necessary to understand what logic is the basis of the robot, what size take profit and stop-loss it sets, how many deals it opens and how long it keeps them open.

Do not be lazy and test the advisor in the tester, not forgetting the size of the spread. For example, if the scalping adviser puts out stop-loss sizes of 200-300 points (for 4-digit quotations), then the word scalper is unlikely to apply to it. The stop-loss for the scalping robot should not exceed 50-60 points (depending on the traded currency pair), otherwise, it will already be a robot-money-loser, not a robot-scalper.

If the lifetime of an open scalpel adviser transaction is not more than 1-2 minutes, be prepared for the fact that a forex broker can block your trading account.

If the test shows that the average hold time of an open transaction is on the order of a few minutes, then such tests have nothing to do with the real state of affairs, and such a robot will at best trade zero, at worst – simply merge the deposit.

Pay attention to the amount of average profit per transaction. It must be at least 2 points. A number of transactions – the more, the better. If the number of transactions is small enough – this is the reason to suspect that there is a normal fit for the story.

However, it should be remembered that the results of testing are not true in the first instance and the real results of future trade may not coincide with them.

Having spent a bit of your time and following these simple rules while testing scalping advisors and trading on a real deposit, you will find that the proper selection of a forex broker and a scalper will allow you to receive a stable profit in the Forex market.